Charlotte Divorce Lawyer Blog
Charlotte Divorce Attorney Matthew R. Arnold of Arnold & Smith, PLLC answers the question “When do you get alimony?”
Women who devote more time to homemaking and childcare may be in for a series of post-divorce rude awakenings, according to NBC News.
Bruce McClary, a spokesman for the National Foundation for Credit Counseling, told NBC that some women “have to start right from scratch” at finding a post-divorce job or home and establishing credit.
While “working-class women get hit harder,” NBC reports, women across all income levels—even women from higher-income levels—often suffer large income losses when they divorce. Laura Tach, an assistant professor of policy analysis and management at New York’s Cornell University, said women who are awarded physical custody of children may stand to lose anywhere from thirty to forty-percent of their income.
The costs associated with childcare and the demands placed on women’s time make it difficult to keep apace of a fast-moving and demanding labor market. A 2012 study published by the Urban Institute showed that less-than-half of “employed, working-class parents” were given paid time off by their employers, while more than half worked “nonstandard hours and nearly a quarter had to work nights,” according to NBC. Keeping up with those demands and keeping up with one’s children can be difficult and, in some instances, virtually impossible.